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money and marriage

Powerful Positive Money Affirmations

Powerful positive money affirmations are necessary to remove lifelong negative affirmations that dominate your thinking. Because negative financial affirmations start as a child, they become deeply embeded. If you have positive, thoughtful money affirmations placed by your parents and others, you will be positive about money.

Unfortunately, many of you have negative financial affirmations, placed by your family. The good news is negative affirmations can be replaced by positive money affirmations if you are willing to work at it.

What type of work does it take to replace the negative with the positive? It takes a lot of work to change old financial tapes in your head. But you can do it if you make it a concentrated task over time.

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Examples of Negative Money Affirmations Growing Up:

1. You will always be poor

2. We will never get out of debt

3. You’ll never work hard enough to get ahead

4. You will always be a factory worker

5. We will never get ahead in life we were born that way

6. The money is not there, and it will never be

7. Success is not for people like us

8. It does not do any good to get an education

9. If you save and budget, the money will get away from you anyway 10. The more you try, the worse off you will be

skills to manage money are essential, learn budgeting

Your First Positive Affirmation Task

The first task it to become familiar with positive money affirmations. Some of you have been programmed with negative thoughts for so long that you must search for the positive ones deep in your head. Here I have compiled a list of positive money affirmations I created, so you can move forward.

If you consistently repeat these positive money affirmations, you can rid yourself of the constant negative affirmations and thoughts about money, personal finance, and financial behaviors.

You may feel that this is basic information that most of you know. I have bad news for you, it is not. Because many of my clients I have spoken to do not understand where their bad financial behaviors come from I recommended you do a backwards analysis.

Money quotes by Lois Center- Shabazz and

Financial Habits Backwards Analysis

This is where a backwards analysis comes in. You look back at everything people close to you have said about money, so you can change those tapes.

We do the analysis to pinpoint the exact times and places the negative thoughts were programmed in your head. Let us move forward and change your financial behaviors for the better by understanding that your money affirmations can be changed by you, and only you.

Examples of Positive Money Affirmations From Parents, Teachers, Grandparents, or others:

1. You are smart enough to be a businessperson

2. The hard work you do will be rewarded

3. If you continue to build on your abilities, you will never be poor

4. When you work hard, as you do, the rewards will follow

5. Honesty pays off, stay honest and work hard

6. A formula of a smart girl, common sense and hard work is what you have, and it will take you far and wide. 

7. You will be extraordinarily successful one day and will have all the money you need.

8. You have the brain to create powerful finances, just keep doing your research

9. If you understand how to save and budget money, you will have great finances

10. Be consistent, the harder you work at it the better your chances

Here is Your Positive Money Affirmation Challenge Exercise

Choose one of the affirmations a day for two weeks, write about it and repeat it three times a day. You will slowly change the way you think. Do each of the following positive affirmations until you are done with the list. This positive affirmation challenge will take the better of 9 months to totally change financial behaviors, but sooner with many of your financial behaviors.

Of course, if you double up on your affirmation duties you can do it in half the time. The key to success with affirmations are 1. Be consistent 2. Complete the task 3. Continue to study the most powerful ones for the rest of your life 4. Document how you will use them to change your financial life forever.

Free printables for small business and personal use at MsFinancialSavvy; Daily Action Form, Budgeting Form, and Savings Form

22 Powerful Positive Money Affirmations by MsFinancialSavvy

Money Affirmations to Get Started, “I Will”…

Not create emergencies with irresponsible behavior

Create at least 3 savings accounts
and account for all the money I spend

Use my income for my needs first,
I realize I work to pay my bills

Only rent an apartment I can easily afford

Not let a salesperson determine my needs,
Purchase what is best for me, not him or her

Budget my budget

Marry a financially responsible person

Money Affirmations Half Way There, “I Will…”

Always understand quality items lasts long, and low quality must be replaced fast

Not go into business until I understand basic business accounting principles, customer acquisition, and business rents and leases

Spend money according to me income, not my credit card

Be prepared for most financial emergencies.

Not spoil my kids, unless I want to create a monster

Always understand that predatory loans can ruin my life for a long time, sometimes forever

Budget my time, energy, and money

Keep a budget for all phases of my life

Positive Money Affirmations That Change Your Life, “I Will”…

Create a savings account for emergencies only

Save first, invest second, keep debt low and start to build wealth

Dream it, then do it, after a lot of research preparation and thought

Understand that I alone am responsible for my finances,
Another person in the picture ads flavor to the mix

Learn basic investing skills, to protect my money and my retirement

Not believe anything I hear, and only half of what I see, I will do my research

Be the captain of my ship and the driver of my bus, I will take care of my finances

The More You Know, The More You Grow – Your Finances

MsFinancialSavvy, Lois Center-Shabazz
Lois Center-Shabazz| Money Strategist | Course Delta Agency

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Personal Finances Should be Personal

Your Personal Finances

I was speaking at a women’s meeting about personal finances and a young woman, about 35 came up to me and ask me what are “personal finances”. I was really shocked since being there meant that she was in some way affiliated with a business she owned.

She looked me in the eye with a very serious face. I pointed to her and said “your – personal – finances”. Your finances that you take very personal. You monitor, you manage, and constantly improve your finances yourself, even if you have help. It’s crucial that you understand your own finances.

It seems like it would be common sense to understand the term personal finance. But, the definition seems to elude some of the most intelligent, and highly successful people. The proof is in the finances of many.

The workplace embezzlements of high-level employees, the bankruptcies of high-income people, the general personal finance mismanagement of people which becomes evident when they lose a job and lose all or most of their assets due to mismanagement.

I CAN SUM IT UP IN 3 WAYS:

  • RANDOM SPENDING

Take your finances serious – don’t randomly spend money. This is the most important aspect of personal finances. Some folks act as though the money they have in their checking account belongs to someone else, so they spend it until it is gone or before all bills are paid.

Then they go to the credit cards, when those run out, they go to others to borrow money and make up the difference. Then they lose relationships, which is can be more serious than wasting their money.

  • TRACKING YOUR SPENDING

Keeping track of your spending is getting very personal with your finances. Most people don’t understand how fast money goes when it is spent randomly. You can see this also when you charge on credit cards the balance escalates rapidly.

A major aspect of getting personal finance maintenance is paying cash as much as possible unless you use a credit card for points and you have the money and discipline to pay off the balance once a month. With frequent credit card use, many tend to lose track of spending, and their finances become very impersonal.

  • BUDGETING YOUR MONEY

I talk to people all the time who tell me they thought they were budgeting until they read many of my budgeting articles and the advice I give on budgeting. My program includes guerrilla budgeting.

With all the distractions, we have – advertising – expensive products – overpriced cars and high maintenance homes- getting personal with your finances means that you must create a guerrilla budget to survive no matter what your income.

Some folks think all they must do is make more money until they find out they spend more for things and get more expenses, so they are either in the same place or worse financially, as income goes up. They realize the problem is they did not get personal with their finances.

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The Reason Your Personal Finances Should Be Personal

3 Common Types of Mutual Funds

 

Types of Mutual Funds

There are many types of mutual funds within these three types of mutual funds. Here are the 3 different major types of mutual funds. The risks of mutual fund investing runs the gamut. There are very low risk to very high and many levels in between, within one type of fund.

Do your research thoroughly before investing, use my easy to understand ebook and course for research. Your understanding of   mutual funds will skyrocket.

My experience with mutual funds is long and wide. The information I share with you reflects my decades long experience. 

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1. Allocation Mutual Funds
Risk: Low to Medium

Allocation mutual funds are a combination of stock and fixed income securities and are subject to the risks involved in each of these security types.

Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. In general, the bond market is volatile with fixed income securities that carry the interest rate, inflation, price volatility and other risks. Another way to invest in mutual funds is in bond mutual funds.

types of mutual funds

2. Alternative Mutual Funds
Risk: From Low Risk to High

The mutual fund may invest in securities that may have a leveraging effect (such as derivative and forward-settling securities). This may increase market exposure, magnify investment risks, and cause losses to be realized more quickly.

3. Money Market Mutual Funds
Risk: Very Low

A money market mutual fund is a type of fixed income mutual fund that invests in debt securities. They are characterized by their short maturities and minimal credit risk. You could lose money by investing in a money market fund, but the chances are nominal.

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An investment in a money market fund (different from a money market saving account), is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Before investing in mutual funds always read a money market fund’s prospectus for policies specific to that fund.

slay your finances, learn common types of mutual funds

There are many types of mutual funds which I cover in my full Fantastic Finances Course. 

3 Common Types of Mutual Funds

Learn to Invest: From Stocks to Mutual Funds in 47 Ways Will Clarify Mutual Funds for You.

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Money Before Marriage-Until Credit Do Us Part, Part 2

Money before Marriage

 Get Money Before Marriage Finances RightMoney before marriage is an essential conversation everyone should have prior to marriage, when you, considering the divorce statistics associated with money before marriage

Financial surprises after marriage run the gamut from, “I assumed he owned his home”,  and, “I did not know he was deep in debt to his x-wife”.  These
are just two of hundreds of surprises newly married couples encounter. The problems go both ways, there are men who are surprised that their new wife got married only to quit her well-paying job shortly after marrying, and there are women who are surprised to learn their new husband has been laid off his job and didn’t tell her.

These are very serious issues, and they signal the fact that too many couples are taking money for granted before they marry.  Before getting married, couples should have more in common, than not. Besides respect and understanding for each other, having good financial habits in common are important.  If not, after the honeymoon period is over, fights may ensue over money.

Marriage partners bring their bad money problems or good money habits to the marriage, so understanding what your partner’s money habits are before you marry is crucial.

Money quotes, Skills should not be predatory

Psychologists say the glue that holds marriages together is the number of things you have in common. The more you have in common the more likely you will stay in a happy long term marriage. At the top of that list, is finances. The more you have in common with great finances, the better your marriage will fare, financially. I have listed some of the financial habits you should have in common, that will foster a healthy marriage relationship, below.

The Financial Aspects You Should Have in Common Before Marriage, Both of You Should:

  • Believe in living within a budget
  • Live within your means
  • Purchase products you can afford
  • Have supplemental savings accounts before you marry
  • Have good credit reports before you marry
  • Invest in a pension or other retirement account at work or personally
  • Be interested in buying an affordable home after marrying
  • Identify and alleviate poor money habits before you marry

Most couples are still in the admiration phase of their relationship before they marry, so they assume that all is to be admired on the financial front also.  But, unfortunately, just as the experts will tell you, people don’t change for marriage. It may take some time to understand that your spouse has poor money management skills, and in most cases, those habits were there before marriage.

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How Do You Determine if Money Before Marriage is a Problem?

There are many ways to spot financial dysfunction behavior in a potential spouse, you only have to be willing to understand what a wasteful person does, and be willing to look honestly at money with your fiance. Some people don’t understand what financial problems look like and some are hidden. Your best bet is to look for signs of financial mismanagement. Here are many to consider:

1. Does he or she live in an apartment with no furniture – sounds funny, but this could mean your partner is super frugal-paying off bills, unreasonably cheap, or can’t afford furniture because of financial mismanagement, even if it is second-hand furniture. The functional sign would be that he/or she is super frugal and waiting to buy furniture after some crucial bills are paid off.

2. If he/or she makes a modest income, but owns an expensive car. The problem with an expensive car is that not only is the monthly payment painful, but the upkeep could consume most of a monthly paycheck. This is a very bad sign of financial dysfunction.

3. If he/or she lives in and owns a home that is too expensive for their income and assets.

4. That he/or she takes expensive vacations and their salary is modest.

5. That he/or she carries a large number of credit cards and pulls out a different one each time you go out.

6. The absolute must is to share your bills with each other. Excessive bills for his/or her income is a huge sign.

7. Your partner should be willing to pay down excessive bills before marriage.

8. If your partner can’t make a pack with you to keep debt low during your marriage, you may need to reconsider your choice, and alleviate a lifetime of financial pain.

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Money before Marriage Finances

Until Credit Do Us Part, Money and Marriage Finances

Marriage Finances

marriage finances

Many of you spend more time selecting a ring before marriage then discussing marriage finances. Yet, how many of you have heard of a couple divorcing due to “ring problems?”

Professional marriage counselors tell us the single most common reason for divorce in this country, are problematic marriage finances. There are three to five other top divorce reasons, but money issues tops the list.

My question to you is “Do you think these problems started after marriage?” I’ll save you some trouble, “the answer is no.” We bring all of our pre-marriage baggage with us into our seemingly wonderful marriages. Included in this pre-marriage baggage is the credit report.

You say, “credit report,” what does that have to do with marrying the most wonderful person I have ever met in my whole life? The answer, “a lot!”

In your credit report lies those nasty little financial secrets we call “past and current financial problems.” If your spouse is not willing to share his or her credit report with you before you marry, look at that as an early sign of problematic marriage finances.

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What can a credit report tell us?

  • In the case where a credit report is several pages long, this is a strong indicator that your spouse-to-be is overextended. In some cases, far too overextended.
  •  Several delinquencies listed on a credit report simply means your Mr. or Ms. Right just doesn’t bother to pay his/or her bills in a timely fashion, or ignores them altogether.
  •  Then there is the real ugly stuff, which can appear on a credit report, like previous DUI’s (that’s drunk driving offenses, for those of you who don’t know). Then there are the liens and judgments, and yes, even the nicest most attractive people can end up here.

Far too many men and woman are baffled by their “significant others” spending habits and financial problems, after they are married.


This probably happens for any number of reasons; these are just a few;

  • Some people just don’t believe someone they, “think they know” is capable of doing “nasty things” like, not paying their bills on time?
  • Some people simply don’t understand the significance of “not paying bills on time.” The significance is that the person you are about to marry may with bill paying and money in general.
  • Some people simply do not get to know their spouses well enough to get married, but in our “get-married” promoted society, some have a tendency to rush to the altar.

Most of you are on your best behavior before marriage, and others simply don’t understand the significance of credit history before they marry, therefore the thought never occurs to ask the potential spouse about financial history to establish marriage finances.

So what happens, you marry a seemingly wonderful person, discover their bad financial history after marriage, fight over it, and then divorce, sometimes after fighting over money for years.

To avoid this cycle, look at the credit report of Mr. or Ms. Wonderful before marriage. Get together, pull it out, and go over both reports. If he or she refuses, think twice about the true “wonderfulness” of your soon-to-be spouse.

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The credit report is only one indicator of financial dysfunction with your potential spouse, others are excessive spending, over-paying, always broke or behind on bills such as child support or taxes.

marriage finances